6 - 550 INDUSTRIAL ROAD, Cambridge

$149,000

For sale: Other

Other at 6 - 550 INDUSTRIAL ROAD, Cambridge
Property type
Sale Of Business
MLS®
MLS® X13882194

MECHANIC SHOP / AUTO REPAIR BUSINESS in Cambridge, ON is For Sale. Located at the busy intersection of Industrial Rd & Hwy 24, in a prime automotive area surrounded by multiple franchise car dealerships and automotive businesses. Excellent location with parking for approximately 15 vehicles outside and 6 vehicles inside. Rent: $5,000/month including TMI, Lease term: 2 years + option to renew. Features 3 offices and 2 washrooms. Permitted uses include OMVIC, Auto Sales/Dealership, Auto Body and Auto Repair. Fully equipped shop includes Challenger 10K Hoist, Wheeltronic 9K Hoist, Forward 9K Hoist, Ingersoll Compressor, engine oil waste tank, oil waste tank trolley, welding machine, air lines throughout the shop, 2 air hoses, and workbench with vise. Excellent turnkey opportunity in a busy automotive/dealership corridor.

Sold data

Homes in Cambridge — recent sold market

Homes in Cambridge took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 50, across 273 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.

The median sale price was $670,000.

Homes sold for about 2.1% below asking on average, so there was room to negotiate.

About 26% of sales closed above the list price.

Around 21% of sellers reduced their price before finding a buyer.

Median days to sell
25
Median sale price
$670,000
Sale-to-list ratio
97.9%
Sold above asking
26%

Based on 273 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Cambridge

Cambridge has 46 Fraser Institute–rated schools (38 elementary and 8 secondary), averaging 5.6/10.

Rated schools
46
Elementary
38
Secondary
8
Average rating
5.6 / 10

Top-rated schools in Cambridge

  • Islamic School of Cambridge — elementaryFraser rating 10.0/10
  • Ontario Muslim Academy — elementaryFraser rating 10.0/10
  • Mother Theresa — elementaryFraser rating 7.5/10
  • Père-René-de-Galinée — secondaryFraser rating 7.2/10
  • St Margaret — elementaryFraser rating 7.2/10
  • Parkway — elementaryFraser rating 6.8/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 6 - 550 INDUSTRIAL ROAD